The Abu Dhabi Chamber of Commerce and Industry (ADCCI) and the Angola-UAE Chamber of Commerce and Industry inked a landmark deal on June 13th, 2024, in Abu Dhabi. This strategic partnership aims to foster closer cooperation, strengthen economic ties, and unlock a wealth of investment opportunities for businesses, entrepreneurs, and investors in both nations.
Ahmed Khalifa Al Qubaisi, CEO of ADCCI, hailed the agreement as a major step forward. “This partnership aligns perfectly with our goals of building bridges between the Abu Dhabi and Angolan business communities, while significantly boosting trade activity,” he remarked. “The agreement will also play a crucial role in creating a more attractive investment landscape for entrepreneurs and businesses, both locally and internationally.”
Al Qubaisi further emphasized the pact’s role in enhancing Abu Dhabi’s investment ecosystem and its competitiveness in attracting foreign direct investment.
Bráulio Mohammed Martins, President of the Angola-UAE Chamber, echoed these sentiments. He described the cooperation as a significant milestone, solidifying both nations as pioneers in UAE-Africa relations. “This agreement empowers businesses in Angola and the UAE with a powerful tool to promote, facilitate, and execute economic and commercial partnerships,” he noted.
Martins highlighted that the agreement goes beyond fostering a business-friendly environment. “It encourages the creation of innovative joint ventures and collaborative efforts that prioritize sustainability and improve quality of life in both countries,” he added.
The agreement outlines several key areas of collaboration. The two chambers will work together to support Abu Dhabi Business Connect, ADCCI’s business networking platform, by regularly sharing information and highlighting investment prospects. They will also promote the platform to their respective members, fostering knowledge exchange and propelling trade and investment between Abu Dhabi and Angola.
The pact further encourages joint research initiatives and the exchange of economic data on potential investments. Additionally, it facilitates participation by both sides in international events, exhibitions, and commercial activities held in either Abu Dhabi or Angola.
The agreement paves the way for promoting and marketing the activities of both chambers and their affiliated businesses among their members. This includes promoting, supporting, and expanding investment opportunities across various sectors, facilitating trade delegation exchanges, participation in official missions, and organizing joint events that benefit business sectors in both nations.
